Trust/NGO Savings Account

Axis Bank’s Trust/NGO Savings Account provides holistic banking solutions that help you carry out your social efforts without any hassle. It offers you unlimited access to your funds through free DD/PO, NEFT/RTGS and cash transactions and also provides solutions for collecting donations and making payments to vendors. This account also comes with value added services such as FCRA Account, family banking and salary accounts for trust employees.

Features & Benefits
Eligibility & Documentation
Fees & Charges
Important Links

Features & Benefits

Axis Bank provides end to end solutions for all the banking needs of your trust

Choice of four Trust Savings Account variants depending on your requirement

We also offer special Accounts for:

Collection of FCRA Donations
Utilisation Accounts of FCRA donation

Platinum Trust Account

Freedom from maintaining balance
Average Monthly Balance of ₹30 lakhs or balance across Savings and Term Deposits of ₹1 crore.

Gold Trust Account

Freedom from maintaining balance
Average Monthly Balance of ₹5 lakhs or balance across Savings and Term Deposits of ₹25 lakhs

Silver Trust Account

Easy eligibility freedom from maintaining balance
Low initial payment, Average Monthly Balance of ₹25,000/-

Standard Trust Account

Easy eligibility freedom from maintaining balance
Low initial payment, Average Monthly Balance of ₹10,000/- however currently there are no charges non maintenance of balance

Eligibility Documentation

Eligibility for Trust/NGO Savings Account

Savings Account can be opened for Trusts/NGOs in accordance with the RBI Guidelines vide circular number RBI/2015-16/39 DBR.No.Dir.BC.7/13.03.00/2015-16)

Entities eligible for maintaining Savings Account under Trust/NGO segment-

Primary Co-operative Credit Society (which is being financed by the bank)
Khadi and Village Industries Boards
Agriculture Produce Market Committees
Societies registered under the Societies Registration Act, 1860 or any other corresponding law in force in State or a Union Territory (except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks)
Section 25 Companies (as per Companies Act, 1956) or Section 8 Companies (as per Companies Act,2013)
Institutions/entities whose entire income is exempt from payment of Income-tax under Income-Tax Act, 1961
Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various programmes/ schemes sponsored by Central/State Government (subject to production of an authorisation from the respective Government departments to open savings bank account)
Development of Women and Children in Rural Areas (DWCRA)
Self-help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members
Farmers' Clubs - Vikas Volunteer Vahini – VVV

Documentation for Trust/NGO Savings Account

General Documentation for opening Savings Account of Trust/NGO

Registration Certificate of Trust / Society / Association/ Club
Trust Deed / Bye-laws / Constitutional Document (If unregistered, notarized copy to be obtained)
Copy of PAN Card
Income Tax registration u/s 12A for entities as specified in RBI circular
Certified copy of resolution for opening and operating of the account
Duly authenticated list of current Trustees / Office bearers on the letter head of the entity
Address proof of the entity
Beneficial Ownership declaration
KYC documents of the authorized signatories

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Fees and charges

When you sign up for the Trust / NGO Savings Account, certain fees and charges may be applicable. The Trust / NGO Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for.

View Fees and Charges

You may select the below product variants from the drop down

Platinum Trust Savings Account
Gold Trust Savings Account
Silver Trust Savings Account
Standard Trust Saving Account

Important Links

Click on these links to know more about accounts safety. You can also update your PAN and register for e-statement.

Accounts Safety and Security

Bank Account Portability

Update your PAN Card

Family Banking

Cheque Book Charges

Download product guide

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A trust/ngo savings account which is

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